Bitcoin (BTC) On-Chain Analysis: BTC Breaks Down Below Key Metric

2022-6-8 00:30

Be[in]Crypto takes a look at on-chain indicators for Bitcoin (BTC). More specifically, the Realized Price-to-Liveliness Ratio.

What is the realized BTC price?

The realized price is an on-chain indicator that measures the price of BTC at the time it last moved. As a result, it devalues lost coins and those that have not moved in a long period of time.  

The actual BTC price has fallen below the realized one on only two occasions since 2018. It did so in July 2018 and March 2020 (black circles). Currently, it is at $23,600, roughly $20,000 below the actual price.
Therefore, the total BTC in existence last moved at an average price of $24,450.

Going by previous history, once the BTC price approaches the realized price line, it usually deviates below it for a certain period of time. This usually marks the bottom. In 2018, the movement was very gradual, while in 2022 it was sharp.

So, it is possible that another decrease below $23,600 will occur before the trend reverses.

Chart By Glassnode Realized Price-to-Liveliness Ratio

The Realized Price-to-Liveliness Ratio (RPLR) is a metric that compares the realized price to liveliness. Liveliness is an on-chain indicator that is used to determine if market participants are hodling or spending.

Historically, the BTC price has moved above RPLR (orange) several times. Once BTC moves decisively above this line, the first ensuing decisive breakdown marks the end of the bull cycle. This was the case in both 2018 and 2018 (black circles). 

In May 2022, BTC fell below this line with a sharp breakdown (red circle). The line is currently at $39,000, while the BTC price is at $30,000.

Historically, once the price has broken down below this ratio, it has also decreased below the realized price line, which is currently at $23,600

Chart By Glassnode

For Be[in]Crypto’s latest bitcoin (BTC) analysis, click here

The post Bitcoin (BTC) On-Chain Analysis: BTC Breaks Down Below Key Metric appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 70400.28 (+0.19%)
Объем 24H $32.848b
Изменеия 24h: 1.80 %, 7d: 3.16 %
Cегодня L: $70400.28 - H: $70454.73
Капитализация $1387.429b Rank 1
Цена в час новости $ 31062.72 (126.64%)

btc bitcoin on-chain key below metric down

Источник: beincrypto.com

btc bitcoin → Результатов: 126


Long-term Bitcoin holders resume accumulation, adding almost 70,000 BTC post-downturn

Quick Take Glassnode data suggests that long-term holders who have held Bitcoin (BTC) for over 155 days are actively accumulating after offloading around 1 million BTC since late 2023. This cohort, known for selling into profits when Bitcoin reaches new all-time highs, has increased its holdings by approximately 70,000 BTC from the cycle bottom.

2024-5-14 13:40


Dogecoin (DOGE), Arbdoge AI (AIDOGE), and Others Propel Meme Coin Momentum as Bitcoin (BTC) Surpasses $70,000

As Bitcoin (BTC) has recently surpassed the $70,000 mark, the meme coin sector has been reaping the benefits of trader profit distribution. Despite the polarizing opinions surrounding the existence of memecoins within the cryptocurrency space, this sector has been outperforming other competing altcoin groups over the past week.

2024-4-11 11:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru